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Thread: ALFAMAN'S retirement story

  1. #13

    Default Re: ALFAMAN'S retirement story

    https://www.tsptalk.com/mb/redirect-...tirement-taxes

    Don't know if you have considered moving to a more tax friendly state in retirement but the link above provided by Kclark is really excellent for comparisons. Enjoy your retirement! Once you clear the process of actually retiring you'll love it!

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  3. #14

    Default Re: ALFAMAN'S retirement story

    well finally got a response...so i guess i will wait for them to send me the retirement application...

    "Congratulations on your decision to retire! The VHA-Retirement Shared Services Office (RSSO) has received your request and would be happy to complete a retirement package for you. Your case has been sent to our Distribution Center to be created. The case will be assigned to a Retirement Specialist 60 days before your firm retirement date. The Counselor will contact you within 5 business days after it is assigned to them and will let you know if any additional information is needed.
    If your firm retirement date is more than 60 days away and you have not received an estimate within the past 2 years, please submit a separate request for a retirement estimate.

    If you have any questions, please give us a call at our toll-free VA Retirement Hot Line 866-330-7366 any time between 7:00 am and 5:00 pm Central Time. We look forward to assisting you with your retirement needs. "

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  5. #15

    Join Date
    Oct 2008
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    Posts
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    Default Re: ALFAMAN'S retirement story

    Quote Originally Posted by alfaman View Post
    well finally got a response...so i guess i will wait for them to send me the retirement application...

    "Congratulations on your decision to retire! The VHA-Retirement Shared Services Office (RSSO) has received your request and would be happy to complete a retirement package for you. Your case has been sent to our Distribution Center to be created. The case will be assigned to a Retirement Specialist 60 days before your firm retirement date. The Counselor will contact you within 5 business days after it is assigned to them and will let you know if any additional information is needed.
    If your firm retirement date is more than 60 days away and you have not received an estimate within the past 2 years, please submit a separate request for a retirement estimate.

    If you have any questions, please give us a call at our toll-free VA Retirement Hot Line 866-330-7366 any time between 7:00 am and 5:00 pm Central Time. We look forward to assisting you with your retirement needs. "
    One more step completed alfaman. I think I know how you feel. The most important event in your life (one of them maybe) and some fed in another office sends you a canned email. Yeah, we’ll get to it. Fear not.
    On the up side, most MB members that posted retirement stories did receive their final paychecks on time and leave sell back within a couple of weeks. Mine was included in the final paycheck. Interim payments started the second month of retirement, 2/7/19. It sucks not knowing until November for sure.

    Quote Originally Posted by alfaman View Post
    i just found out that in order to have my california income tax withheld from my pension, i need to send in a "memo" on with my package directing how much i want withheld...never knew this and when i contact opm, i will ask them what exactly must i send them and in what form they need it in...
    I sent the required memo and it was ignored. For fed income tax, I left it at the default which was nowhere near enough. For state taxes they never withheld anything, stating payments were less than 6 months in spite of the fact they started in February. I would be prepared to owe both CA and the fed something next year. Plus penalties. Sometimes you can get those penalties waived.

    In spite of the pains involved in being a member of the OPM SOL club, It all worked out slowly and I love being retired.

    SOL is the “Services on Line” web site for OPM retirees. I get a chuckle out of that.

    I hope it all works out but understand it is filled with angst.

    PO

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  7. #16

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    2,492
    Blog Entries
    45

    Default Re: ALFAMAN'S retirement story

    Quote Originally Posted by alfaman View Post
    i am calling bull on that, so i plan to call them again on monday.
    So many useless employees are using "these troubling times" as an excuse not to do work. I hope they get it right for you.

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  9. #17

    Default Re: ALFAMAN'S retirement story

    Quote Originally Posted by PessOptimist View Post
    One more step completed alfaman. I think I know how you feel. The most important event in your life (one of them maybe) and some fed in another office sends you a canned email. Yeah, we’ll get to it. Fear not.
    On the up side, most MB members that posted retirement stories did receive their final paychecks on time and leave sell back within a couple of weeks. Mine was included in the final paycheck. Interim payments started the second month of retirement, 2/7/19. It sucks not knowing until November for sure.

    I sent the required memo and it was ignored. For fed income tax, I left it at the default which was nowhere near enough. For state taxes they never withheld anything, stating payments were less than 6 months in spite of the fact they started in February. I would be prepared to owe both CA and the fed something next year. Plus penalties. Sometimes you can get those penalties waived.

    In spite of the pains involved in being a member of the OPM SOL club, It all worked out slowly and I love being retired.

    SOL is the “Services on Line” web site for OPM retirees. I get a chuckle out of that.

    I hope it all works out but understand it is filled with angst.

    PO
    thanks...i will try to make sure my memo is not ignored.....i already changed both my federal and state withholding in case they do ignore my request..federal, married no depend...and single for california state (not married, although i am)

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  11. #18

    Default Re: ALFAMAN'S retirement story

    Quote Originally Posted by Bullitt View Post
    So many useless employees are using "these troubling times" as an excuse not to do work. I hope they get it right for you.
    I called the hotline yesterday and the agent assured me that i will be sent the application within 2 months of my hard retirement date....she had also heard of the state withholding memo...so i hope whoever they assign me to has heard of it as well...stay tuned


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  13. #19

    Default Re: ALFAMAN'S retirement story

    updated link...for filling out retirement application...i have had no direction from HR so i had to find this myself....previous link did not seem to work, so i updated it

    https://hraccess.tsa.dhs.gov/hracces...ent/story.html

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